Sports betting family Coates join UK's richest list
The family behind bet365, the world's largest online sports betting site, the Coates family are reportedly set to become the UK's No. Gambling billionaire. ) and joins some of the world's true movers, shakers, high rollers and achievers on the London Sunday Times Rich List 2013.
We also smile.
According to the Sunday Times Rich List, the top ten UK internet gambling sites are all worth over £100 million ($155 million), with bet365 at the top of the list, with Peter Coates, his daughter Denise and son John worth an estimated £100 million ($155 million). One hundred million U.S. dollars). The company has achieved US$925 million in just 13 years since its establishment.
365 Good choice
The betting site accounts for about 800 million pounds ($1,240,000) of her net worth, with the rest of the family fortune made up of other assets including Premier League football club Stoke City. This is a family that is truly driven and ambitious. Clearly.
A major Labor Party donor, Peter Coates has given £300,000 ($465,000) to the party over the past 10 years, including to Ed Miliband in the past 12 months alone. Miliband donated £10,000 ($15,500). However, his political stance has not always been a good thing, as Coates caused controversy during the previous Labor government by donating a large amount of money to the Labor Party when gambling laws were being considered.
More success stories from gambling sites
The Coates family, the founders of BetFred, brothers Fred and Peter Done, who opened the first betting shop in Manchester in 1967, are currently worth an estimated £850 million ($1,317,500,000).
Third on the list of the richest online gambling operators are Ruth Parasol and Russ DeLeon, of PartyPoker fame and currently worth approximately £667 million ($1,033,850,000). The pair founded PartyGaming in 1997 and have continued to see success over the years.
If we can take anything away from the online operator's inclusion in the Sunday Times Rich List - which includes some of the world's most successful entrepreneurs - it's that the company is a definite winner.
In fact, online gamblers lost so much money last year that some operators saw their bonuses increase exponentially. The Coates family's wealth increased by £125 million ($193,750,000) compared with the previous year, and the Doane brothers' fortune increased by £125 million ($193,750,000). Sales were up £150 million ($232.5 million) on the previous year. The Sunday Times notes that betting exchanges, virtual poker tables and online bingo have proven lucrative over the past 12 months.
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Source: www.casino.org
